Frequently Asked Questions

Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.

BUSY FAQ subcategory answers and support

Support

Step-by-step Answers

The TDS amount being calculated is incorrect for a vendor who has a lower tax deduction certificate. What should I do to have the software deduct the right lower TDS amount? 

To add new TDS category,follow these steps:
 Step 1 : Click on administration
 Step 2 : CLick on masters
 Step 3 : Select TDS category
 Step 4 : Add
 Step 5 : Add new TDS category define lower rate and save

How can I check the total TDS deductions made against a particular vendor or under a specific section in a financial year? Where can I find TDS reports in BUSY? 

You can view the TDS report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Here select the category and then apply filter on party to view the report.

I'm unable to see the TDS deductions for a specific transporter in the BUSY reports. How can I get it to display the TDS that was already deducted? 

If for some transporters are not showing properly in the TDS report then you need to check that TDS references has been properly created or not. When th TDS references has been created properly then will reflect in the TDS report.

Why is the standard higher TDS rate being applied even after I input the certificate details for a vendor with lower deduction? How can I fix this? 

To add new TDS category,follow these steps:
 Step 1 : Click on administration
 Step 2 : CLick on masters
 Step 3 : Select TDS category
 Step 4 : Add
 Step 5 : Add new TDS category define lower rate and save

Some transporters' TDS deductions are showing properly in BUSY, but for others, I have to manually adjust through journal vouchers. Why is it not consistent? 

If for some transporters are not showing properly in the TDS report then you need to check that TDS references has been properly created or not. When th TDS references has been created properly then will reflect in the TDS report.

I want to save a voucher without auto TCS but the software does not give me any option to bypass it. What should I do? 

If you want to save the voucher without TCS then either disable the option in the party master if its not required or can select the No option in the TCS auto applying window which comes while saving the voucher entry.

I want to view a breakup of how TDS is calculated in BUSY. How can I see the TDS breakup for a particular income entry? 

You can view the TDS report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Here select the category and then apply filter on party to view the report.

How can I save a voucher in the software without triggering the auto-TCS deduction even though my company turnover now exceeds the threshold? 

If you want to save the voucher without TCS then either disable the option in the party master if its not required or can select the No option in the TCS auto applying window which comes while saving the voucher entry.

I want to file TDS/TCS returns but the details are missing in BUSY. How can I get the TDS/TCS amounts for filing returns? 

You will get the TDS and TCS amount if you have properly created the references and adjusted with the correct details. Then details will show in the TDS and TCS report and after that can generate the ereturn file from BUSY.

I made a direct save of a TDS table entry but it's showing up under the wrong section. How can I fix this? 

If you made the wrong TDS payment entry then can correct it from below steps.
Step 1: You have to open the voucher in the modify mode
Step 2: Then correct the TDS category in the TDS references window and adjust it properly.
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